Ringgit Weakens to Three-Year Low on Current-Account Forecast
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Malaysia’s ringgit touched a three-year low before official data this week that economists predict will show a narrower current-account surplus and faster inflation. Government bonds were little changed.
The excess in the broadest measure of trade shrank to 900 million ringgit ($274 million) in the second quarter from 8.7 billion ringgit in the previous three months, according to the median estimate in a Bloomberg survey before data due Aug. 21. Consumer prices rose 2 percent in July from a year earlier, the most since March 2012, a separate poll showed ahead of figures to be released the same day.